I have posted two invoices to a supplier on Sage L 50... They are for Fleet and Liability insurances. We're paying via credit and therefore I have input each invoice as two separate lines (one for N/C Insurance and one for N/C Credit charges).
I am now unable to pay them through the bank as I haven't actually paid them, they're simply taking Direct Debits on a monthly basis.
How do I do a Journal or Payment to show that the supplier account is no longer owing, however the Prepayment account is???
Sorry but I dont think understand yr question fully. Usually I would enter the invoice on Supplier account and each time a payment is made from the bank, match the payment to the invoice, slowly bringing the outstanding total down. Separately, to put as a prepayment, I would do a journal from the nominal account and spread over 12 months (found in company / nominal). I certainly wouldn't usually clear the supplier account until paid. Hope helps
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
